Aldi has revealed its latest wish list of locations across London where it wants to build new stores, including Notting Hill, Chelsea and Richmond.
The discounter recently announced a long-term plan to operate 1,500 stores across the UK, with new sites inside the M25 a key focus.
As part of a £500m investment, Aldi is looking to open another 100 stores in London in areas including Bromley, Beckenham, Richmond, Walthamstow, Wanstead, Winchmore Hill, Notting Hill, Chelsea, Kensington, Chiswick, Highbury, Hackney, and Barnet.
The retailer is offering property agents a finder’s fee of either 1.5% of a freehold price or 10% of the first year’s rent for leasehold sites for recommending a previously unknown site.
Locations must be big enough for Aldi’s standard 20,000 sq. ft. store, with space for 100 parking spaces, and preferably on a main road. The discounter noted that it was also on the lookout for sites to accommodate its Local store format, which is around 5,000 sq. ft. in size.
“We want to make high quality, affordable food accessible to all, but there are still many areas in the capital that don’t have access to an Aldi and, as a result, too many people have to make do with big prices at the traditional supermarkets,” said Jonathan Neale, Managing Director of National Real Estate at Aldi UK.
“The locations we’ve identified are places where there is demand for our stores and we are committed to continue investing until we can bring our quality products and unbeatable prices to as many people as possible.”
